Jan 28, 2023
Kaieteur News – In the absence of a key provision in the Production Sharing Agreement (PSA) Guyana has with oil giant ExxonMobil, the company is allowed to deduct expenses from oil projects that are yet to commence operation. That clause – ‘ring fencing provision’ – serves as a shield and prevents burdensome expenses from being...
Jan 25, 2023
United States oil giant Hess Corporation on Wednesday announced that another oil find was recorded in the prolific Stabroek Block offshore Guyana. That “significant new oil discovery” was from the Fangtooth SE-1 well. Hess said approximately 200 feet of oil bearing sandstone reservoirs was found. It adds to the estimate of more than 11 billion...
Jan 23, 2023
– says Caribbean people “deserve better jobs, safer streets, quality healthcare” Kaieteur News – New President of the Inter-American Development Bank, Ilan Goldfajn said that he sees Latin America and the Caribbean as contributing to help solve some of the biggest global challenges, including food insecurity and the need for clean energy. During his inaugural...
Jan 16, 2023
Kaieteur News – Local oil and gas workers are disappointed and discouraged after a US multimillion dollar contract to provide subsea equipment for Guyana’s fifth oil project, Uaru, was awarded to a foreign-based company, despite having the capacity to build in country. The workers who spoke with this publication complained that while ever so often...
Jan 16, 2023
– while 5th still pending Kaieteur News – US oil major ExxonMobil has commenced the application process seeking environmental permission for its sixth oil project in the offshore Stabroek Block. The company has submitted an application to the Environmental Protection Agency (EPA) for the Whiptail development which was announced in July of 2021. EPA’s Chief...
Jan 16, 2023
Kaieteur News – Environmental and social impact assessments (ESIAs) done without engagement of members of society should be rejected outright. These ESIAs are often undertaken to satisfy regulatory requirements rather than to arrive at a true and comprehensive picture of the array of possible impacts of a project. In the 1960s and 70s, there were...
Jan 09, 2023
Kaieteur News – We thought that the people at Guyana’s Environmental Protection Agency (EPA) would have learned a sharp, embarrassing lesson in the matter of Schlumberger and the waiving of an Environmental Impact Assessment (EIA). The Court came down hard on the EPA, and the thinking was that amends would be made going forward, that...
Jan 09, 2023
Kaieteur News – The decision by the Environmental Protection Agency (EPA) to exempt government’s 300 megawatt (MW) gas-fired power plant from a detailed Environmental Impact Assessment (EIA) shows a pattern of continued negligence by the government, towards the environment and health of its citizens. This is the position of Dr. Vincent Adams, a Petroleum Engineer...
Jan 09, 2023
Kaieteur News – Acorn International, ExxonMobil’s new Consultant has completed and submitted an Environmental Impact Assessment (EIA) for the fifth offshore oil project, the Uaru development in the Stabroek Block. The 3,178 paged document that contains four volumes of data, points out the dangers associated with the oil project, actions for mitigation and background on...
Jan 06, 2023
